PNC Financial Services Group Inc. Raises Stake in Starwood Property Trust, Inc. (NYSE:STWD)

PNC Financial Services Group Inc. increased its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 21.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 27,971 shares of the real estate investment trust’s stock after purchasing an additional 4,992 shares during the period. PNC Financial Services Group Inc.’s holdings in Starwood Property Trust were worth $553,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Northern Trust Corp lifted its holdings in Starwood Property Trust by 16.2% during the 4th quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust’s stock worth $100,189,000 after purchasing an additional 736,699 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Starwood Property Trust during the 4th quarter worth about $48,841,000. Adage Capital Partners GP L.L.C. raised its holdings in shares of Starwood Property Trust by 17.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,648,904 shares of the real estate investment trust’s stock valued at $31,247,000 after acquiring an additional 248,904 shares in the last quarter. Leeward Investments LLC MA boosted its position in shares of Starwood Property Trust by 1.2% during the 1st quarter. Leeward Investments LLC MA now owns 1,324,081 shares of the real estate investment trust’s stock valued at $26,177,000 after acquiring an additional 15,874 shares during the last quarter. Finally, Valley Wealth Managers Inc. boosted its position in shares of Starwood Property Trust by 6.6% during the 1st quarter. Valley Wealth Managers Inc. now owns 1,052,023 shares of the real estate investment trust’s stock valued at $20,798,000 after acquiring an additional 65,370 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of NYSE STWD opened at $19.91 on Wednesday. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 18.26 and a beta of 1.26. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90. Starwood Property Trust, Inc. has a 1-year low of $16.59 and a 1-year high of $21.17. The stock’s 50-day moving average is $20.14 and its 200 day moving average is $19.69.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $444.28 million for the quarter, compared to analysts’ expectations of $477.00 million. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%. Starwood Property Trust’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the firm posted $0.48 EPS. On average, sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.6%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 176.15%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on STWD. JPMorgan Chase & Co. lifted their price target on Starwood Property Trust from $19.00 to $19.50 and gave the company an “overweight” rating in a research report on Monday, May 12th. Keefe, Bruyette & Woods lifted their price target on Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, UBS Group lifted their price target on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Starwood Property Trust has a consensus rating of “Moderate Buy” and a consensus price target of $21.70.

Starwood Property Trust Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.